I was going to make the same remark.
If Texas had a depository filled with a significant amount of gold and silver and the dollar collapsed then the fedgov would come and take the gold by force of arms if necessary.
They would need the gold (real money) to keep EBT from running out of funds...seriously. The cities would burn if EBT dried up.
If democrats are in power at the time of a financial collapse I believe they would outlaw the possession of gold and silver in any significant amount and make it a crime to buy, sell or barter with gold and silver. They would recall all the Silver and Gold Eagle coins back to the mint and issue some sort of worthless script as reimbursement.
Didn't work, the rest of the world refuses.
There is always a market.
Been there, done that. FDR's EO 6012
If, in the event of economic collapse, the gold is used to feed the EBT masses, then I wholly disapprove of the policy.
This asset should be used to help productive, working people, not parasites.
There is a certain class of people who are simply black holes: you give them food, clothing, money, but it disappears and nothing ever comes from our sacrifice. I want those people to experience “The Great Reset” of our society.
It won’t be pleasant for them, but tough titties.
Roosevelt did it with Gold. The Feds “confiscated” the Gold. Devalued the dollar by about 40% IIRC, and people had no Gold to hedge against it.
Not everyone turned it in. Not sure what the enforcement effort was.